e.Digital Corporation (fka EDIG)

[Neverending]

The Google settlement was critical to EDIG being able to continue patent trolling for tiny nuisance value settlements as they have done since 2008 in my opinion. If EDIG did not agree to a settlement then Google would have continued its IPR effort at the PTAB which only has a like 88% success rate in invalidating patents. So EDIG lived to fight another day was basically the positive spin on it. The fantasy island spin is EDIG and Google have some super secret agreement that will make everybody filthy rich! (that somehow does not have to be disclosed to the SEC for a company like EDIG that has a going concern statement in their financials which means they are running out of money). The negative spin is EDIG is once again playing overly optimistic shareholders disclosing little and looking to the next carrot to keep things moving.

I expect EDIG to try to sell the 100 million or so authorized but unissued shares. They will come up with some garbage about needing to hire a company to make a prototype water thingee or NUNCHI or Microsignet. EDIG might also have a prototype and then claim they need to contract with a company (a "partner" lol)to manufacture the device. This could generate excitement and underwater shareholders doubling down yet again. If this happens I would use the pop to get out. This does not seem like it would be hard for EDIG to play. I am surprised they have not done it. I assume it was because the trolling was keeping money trickling in and they are lazy only doing enough to keep their pay checks coming.